VanEck Digital Transformation ETF (NASDAQ:DAPP – Get Free Report) was the target of a significant decline in short interest during the month of September. As of September 30th, there was short interest totaling 96,325 shares, a decline of 37.4% from the September 15th total of 153,962 shares. Based on an average trading volume of 1,162,082 shares, the short-interest ratio is currently 0.1 days. Currently, 0.4% of the company’s stock are sold short.
Institutional Trading of VanEck Digital Transformation ETF
Large investors have recently added to or reduced their stakes in the company. Gainplan LLC increased its holdings in shares of VanEck Digital Transformation ETF by 3.3% in the second quarter. Gainplan LLC now owns 38,951 shares of the company’s stock valued at $755,000 after purchasing an additional 1,237 shares during the period. Annis Gardner Whiting Capital Advisors LLC acquired a new stake in shares of VanEck Digital Transformation ETF during the first quarter worth about $29,000. Western Wealth Management LLC lifted its holdings in shares of VanEck Digital Transformation ETF by 6.6% during the first quarter. Western Wealth Management LLC now owns 42,690 shares of the company’s stock worth $637,000 after purchasing an additional 2,630 shares during the period. Farther Finance Advisors LLC lifted its holdings in shares of VanEck Digital Transformation ETF by 71.4% during the third quarter. Farther Finance Advisors LLC now owns 12,000 shares of the company’s stock worth $228,000 after purchasing an additional 5,000 shares during the period. Finally, B. Riley Wealth Advisors Inc. purchased a new stake in VanEck Digital Transformation ETF in the third quarter valued at approximately $220,000.
VanEck Digital Transformation ETF Stock Down 7.3%
Shares of DAPP traded down $1.23 during mid-day trading on Friday, hitting $15.58. 4,317,790 shares of the company traded hands, compared to its average volume of 842,612. The company has a market capitalization of $328.74 million, a PE ratio of 2.89 and a beta of 3.45. The business has a 50 day moving average of $19.04 and a 200 day moving average of $19.25. VanEck Digital Transformation ETF has a 1-year low of $13.68 and a 1-year high of $26.30.
About VanEck Digital Transformation ETF
The VanEck Digital Transformation ETF (DAPP) is an exchange-traded fund that is based on the MVIS Global Digital Assets Equity index, a market-cap-weighted index of global innovative companies that are involved in the digitalization of the worlds economy through a diverse range of digital assets. DAPP was launched on Apr 12, 2021 and is managed by VanEck.
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